IWG International Workplace : Form 8.5 (EPT/RI) IWG Replacement

This announcement replaces the previous RNS announcement 6159W released at 09:14 am on the 02 August 2018. Amendment made to section 2 (a). All other information remains unchanged

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1. KEY INFORMATION

(a) Name of exempt principal trader:	UBS Investment Bank, London
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	IWG plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Starwood Capital European Operations Limited
(d) Date dealing undertaken:	01 August 2018
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state 'N/A'	NO

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
1p ordinary	Buy	223223	3.04105 GBP	2.97359 GBP
1p ordinary	Sell	115664	3.00750 GBP	2.97000 GBP

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	CFD	Long	10635	2.98785143394452 GBP
1p ordinary	CFD	Long	472	2.99 GBP
1p ordinary	CFD	Long	5471	2.99375068543228 GBP
1p ordinary	CFD	Long	1728	2.98785300925926 GBP
1p ordinary	CFD	Long	151	2.99370860927152 GBP
1p ordinary	CFD	Short	63778	2.98623569 GBP
1p ordinary	CFD	Short	500	2.990544 GBP
1p ordinary	CFD	Short	14971	2.99702959054171 GBP
1p ordinary	CFD	Short	3029	3.00122152525586 GBP
1p ordinary	CFD	Short	1959	3.0073864216437 GBP
1p ordinary	CFD	Short	41	2.99634146341463 GBP
1p ordinary	CFD	Short	935	2.98 GBP
1p ordinary	CFD	Short	30938	2.98917681 GBP
1p ordinary	CFD	Short	167	2.9905 GBP
1p ordinary	CFD	Short	561	2.98609625668449 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none '

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none'

None

Date of disclosure:	03 August 2018
Contact name:	Wendy Dent
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel [e-mail]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.